Banking and Finance MSc

Entry requirements
2:1 +
Full-time
1 year
Start date
September 2019
UK / EU fee
£13,400
International fee
£21,900
Location
Loughborough

Overview

Our MSc Banking and Finance programme will equip you with the practical skills to understand and model banking and financial markets, using the toolkit of economics.

Banking and financial services are accessed worldwide every day by businesses and consumers. The performance of banking firms can shape global economies and enable businesses to grow.

Our MSc Banking and Finance programme will enable you to understand how the actions of governments, firms, households, and financial intermediaries affect national and global financial assets such as bond, equities and foreign exchange markets. In addition, you will be exposed to the theory and practice of bank credit and lending, as well as financial institution risk management.

Banking and Finance MSc is ideal for those who wish to pursue a career in banking, financial services, international financial management, or central banking and financial regulation.

On successful completion of this programme, you should be able to:

  • Understand and explain the functions and operations of institutions, financial markets and systems, with special reference to central banks, commercial banks and other financial intermediaries
  • Understand and explain the core theories of financial economics with respect to risk management, asset pricing and investment, and to be able to use these theories to assist them in asset management
  • Undertake independent applied research in banking and finance, using basic research tools and quantitative methods appropriate to the conduct of independent research.

What makes this programme different?

  • Scholarships available for the best candidates
  • Underpinned by the latest research and best practice
  • Opportunity to complete a research project
  • Develop practical skills to understand financial markets

Who should study this programme?

Our MSc Banking and Finance programme is ideal for graduates interested in careers in banking, financial services, international financial management, or central banking and financial regulation and equips you with the knowledge and skills to apply the toolkit of economics to model the performance of banking and financial markets and the implications of this for the sector and the wider economy.

Why you should choose us

What you'll study

Our modules are underpinned by the latest research and best practice, having been designed to provide you with up-to-date and relevant knowledge of banking, finance and research methods. There is also some opportunity to choose optional modules that will enable you to specialise in the areas of economics, banking and finance that best suit your career ambitions and interests. You will also be able to sharpen your applied research skills by either completing a Banking and Finance project or participating in Applied Research Practice seminars.

Modules

Banking and Finance MSc covers a wide range of topics; to give you a taster we have expanded on some of the core modules affiliated with this programme and the specific assessment methods associated with each module.

Financial Economics (15 credits)

This module covers the fundamental concepts of financial economics, and teaches students how to model investor behaviour under conditions of uncertainty. Students learn how to apply and interpret asset pricing models and evaluate capital market efficiency.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

The Financial System (15 credits)

The module provides an overview of the financial system, in which students develop an appreciation of the economic problems confronting financial institutions and markets. The course focuses on the organisation and operation of the major financial institutions and markets, the impact of technology and regulation on the evolution of the industry.

Assessment: The module is assessed by 25% coursework and 75% exam, but the university reserves the right to alter this.

Economic Data Analysis (15 credits)

This module provides students with statistical and econometric techniques required to analyse economic data and test some of the most influential economic theories.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Applied Financial Econometrics (15 credits)

This module equips students with quantitative techniques and skills necessary to conduct empirical work in the area of applied finance and economics.

Assessment: The module is assessed by 40% coursework and 60% exam, but the university reserves the right to alter this.

Banking and Financial Markets (15 credits)

This module analyses the in-depth causes, implications of, and regulatory responses to the 2008 global financial crisis (GFC) where topics covered include the role of financial innovation and derivative instruments in causing the crisis, and scenarios for bank business models and financial regulation in the post-GFC era.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Risk Management and Derivatives (15 credits)

The module teaches basic theory of options and futures pricing in order to promote an understanding of how different financial instruments can be combined into portfolios for hedging, speculation and arbitrage purposes. The module emphasises how such instruments are used in asset management.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Corporate Finance (15 credits)

This module focuses on modern theories of corporate finance and students are taught how such theories can be applied to understand the financing and investment decisions of companies, particularly those quoted on global stock exchanges.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

International Money and Finance (15 credits)

This module examines the relationships between international capital flows, macroeconomic performance, and financial markets, which allow students to understand the behaviour of international financial markets and economic performance in an increasingly globalised world.

Assessment: The module is assessed by 25% coursework (in-class test) and 75% exam, but the university reserves the right to alter this.

Banking and Finance in Practice (20 credits)

The module enables students to develop skills in identifying and assessing complex and topical issues in banking and finance, and apply quantitative research techniques to analyse current issues confronting the banking and financial sectors.

Assessment: The module is assessed by 100% coursework (50% presentation and 50% written coursework), but the university reserves the right to alter this.

How you'll be assessed

You will be assessed by a combination of group and individual coursework as well as exams.

How you'll study

  • Seminars
  • Tutorials
  • Field trips
  • Independent study
  • Group work
  • Workshops

Your personal and professional development

Our School of Business and Economics is committed to helping you develop the skills and attributes you need to progress successfully in your chosen career.

Future career prospects

Graduates will be equipped for a career in financial services, international financial management, central banking and financial regulation, or government and economics consultancies.

Graduate destinations

Recent graduate destinations include:

  • Bank of China – China, Senior Manager
  • China Everbright Bank, Client Manager
  • China National Coal Group Corp., Settlement Analyst
  • Government Savings Bank, Banking Officer
  • Guosen Securities, Financial Market Trader
  • Hangseng Bank Co., Relation Manager
  • ICAP, Foreign Exchange Broker
  • KPMG, Audit Associate
  • PriceWaterhouseCoopers, Trainee Accountant
  • Shenzhen Development Bank, Accountant
  • VTB Bank – Armenia, Head of Large Corporate Clients Division
  • Xianda College of Economics and Humanities, Lecturer.

Entry requirements

Our entry requirements are listed using standard UK undergraduate degree classifications i.e. first-class honours, upper second-class honours and lower second-class honours. To learn the equivalent for your country, please choose it from the dropdown below.

Entry requirements for United Kingdom

An honours degree (2:1 or above) or equivalent overseas qualification in economics, finance, business, management, management science, operations research, or related disciplines. Applicants from other disciplines will also be considered provided that your degree includes at least introductory modules in economics and an introduction to quantitative subjects such as calculus and statistics.

Applicants from other degree disciplines may be considered, but as for all applicants, good (2:1 or above) grades in relevant mathematics/statistics modules are expected.

See our full list of International Qualification Equivalencies for all countries. Degrees must be obtained from a university or institution recognised by Loughborough University. Please contact us to clarify if required.

Algeria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Algeria - 15/20 12.5/20

Argentina

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Argentina 8.5 7.5 6.0

Australia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Australia First class Upper second Lower second

Azerbaijan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Azerbaijan 4.5 4.0 3.5

Bahrain

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bahrain GPA 4.0 scale 3.5 3.0 2.8

Bangladesh

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bangladesh – BUET 1st (60%) 2nd (52%) 2nd (50%)
Other universities 1st (70%) 1st (60%) 2nd (53%)

Belarus

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Belarus 9 8 6.5

Belgium

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Belgium 80% (Magna Cum Laude) 70% (Laude) 60%

Brazil

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brazil 8.5 7.5 6.0

Brunei

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Brunei First Upper second Lower second

Bulgaria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Bulgaria 6 5 4

Cameroon

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cameroon - 14/20 or Bien (GPA 3.4) 12.5/20 or Assez Bien (GPA 3.1)

Canada

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Canada GPA 4.0 scale 3.5 3.0 2.8

Chile

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Chile 6.0 5.0 4.5

China

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Shanghai Rank Top 250 85% 80% 77%
Shanghai Rank Top 251 - 500 89% 83% 80%
Shanghai Rank 500+ 92% 86% 82%

Further information

Colombia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Colombia 4.5 3.5 3.0

Croatia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Croatia 4.5 3.8 3.0

Cuba

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cuba 5 4 3

Cyprus

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Cyprus 8.5 7.0 6.5

Czech Republic

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Czech Republic 1.2 2.2 2.7

Denmark

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Denmark 12/12 10/10 7/4

Ecuador

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ecuador 8.5 (85%) 7.5 (75%) 6 (60%)

Egypt

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Egypt 3.7 3.2 2.7

Finland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Finland 3 (out of 3) or 3.3 (out of 5) 2 (out of 3) or 2.5 (out of 5) 1 (out of 3) or 1.3 (out of 5)

France

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
France 14 12 11

Germany

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Germany 1.5 2.5 3.0

Ghana

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ghana First Upper second Lower second

Greece

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Greece 8.5 7.0 6.5

Hong Kong

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Hong Kong GPA 4.0 scale 3.5 3.0 2.8

India

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Institutions listed on the Indian Ranking of Higher Educational Institutions Framework 65% (First) 60% (First) 55% (Upper second)
All other Indian institutions 70% (First with distinction) 65% (First) 60% (First)

Indonesia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Indonesia - 3.3 (3.7) 3 (3.3)

Iran

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iran 18 16 14

Iraq

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Iraq 85% 80% 75%

Ireland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Republic of Ireland First Upper second Lower second

Israel

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Israel 95% 80% 75%

Italy

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Italy 109/110 104/110 100/110

Japan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Japan 85% 80% 70%

Jordan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Jordan GPA 4.0 scale 3.5 3.0 2.8

Kazakhstan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kazakhstan 4.5 4.0 3.5

Kenya

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kenya First / 70% / A Upper second / 65% / B Lower second / 55% / B-C

Kosovo

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kosovo 10 9 8

Kuwait

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Kuwait GPA 4.0 scale 3.5 3.0 2.8

Lebanon

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lebanon American 90% 80% 70%
Lebanon French 18 15 12

Libya

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
BSc Engineering, Architecture, Medicine 85 80 75
Other Bachelor degree from a University - 85% 80%

Lithuania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Lithuania 9 8 7

Macau

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Macau - 2:1 / B / 3.0 2:2 / C / 2.5

Macedonia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Macedonia 7.5 6.7 6

Malawi

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
MSc Degree 75% 70% 65%
BSc Degree - 80% 80%

Malaysia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Malaysia GPA 4.0 scale 3.5 3.0 2.8

Mexico

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Mexico 9 8 7

Morocco

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Morocco - 15 13

Namibia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Namibia 80% 70% 60%

Netherlands

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Netherlands 8 7 6

New Zealand

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
New Zealand First (A/A+) Upper second (B+/A-) Lower second (B-/B)

Nigeria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Nigeria 7 point Scale 6 5 4
Nigeria 5 point scale 4.5 3.8 3.5
Nigeria 4 point scale 3.5 3 2.5

Norway

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Norway A (1.5) B (2.5) C (3.2)

Oman

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Oman GPA 4.0 scale 3.5 3.0 2.8

Pakistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Pakistan Public Universities (Tech or Eng) 4 Year degree only First with distinction (75%) / 4.0 First (65%) / 3.2 Second (59%) / 2.6
Pakistan Private Universities (Tech or Eng) 4 Year degree only First with Distinction (85%) First (75%) First (65%)
Pakistan Masters (2 or 3 year Bachelor plus Masters) First Second (55%) Second

Palestine

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Palestine - B+ / 85% / 3.3 B / 80% / 3.0

Peru

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Peru 16 14 12

Philippines

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Philippines Summa Cum Laude 4.0 / 96% Magna cum Laude 3.5 / 92% Cum Laude 3.0 / 87%

Poland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Poland 5 (Very good) 4 (Good) 3.5

Portugal

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Portugal 18 16 14

Qatar

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Qatar GPA 4.0 scale 3.5 3.0 2.8

Romania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Romania 8.5 7.5 6.5

Russia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Russia 4.5 4.0 3.5

Rwanda

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Rwanda - 2:1, 16/20, 70% 2:2, 14/20, 60%

Saudi Arabia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Saudi Arabia GPA 4.0 scale 3.5 3.0 2.8

Singapore

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Singapore First Upper second Lower second

Slovenia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Slovenia 9.5 8.5 7

South Africa

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
South Africa 1st / 75% - 100% 2.1 / 70% - 74% 2.2 / 60% - 69%

South Korea

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
South Korea 4.0 / A 3.0 / B 2.5 / C+

Spain

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Spain 9.0 7.5 6.5

Sri Lanka

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Sri Lanka 70% 60% 55%

Sudan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Sudan (North and South) 70% 66% 60%

Switzerland

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Switzerland 6 5 4

Syria

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Syria 85% 75% 65%

Taiwan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Taiwan Prestigious National Universities 80% 75% 73%
Taiwan Excellent Universities 83% 78% 75%
Taiwan Good Universities 88% 83% 80%

Tanzania

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Tanzania 1st 2:1 2:2

Thailand

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Thailand GPA 4.0 scale 3.5 3.0 2.8

Tunisia

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Tunisia 15 13 11

Turkey

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Turkey 3.5 2.8 2.2

Turkmenistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Turkmenistan - 4.5 4

Uganda

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Uganda First Upper second Lower second

Ukraine

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Ukraine 5 4.5 4

United Arab Emirates

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
United Arab Emirates GPA 4.0 scale 3.5 3.0 2.8

United States of America

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
United States of America GPA 4.0 scale 3.5 3.2 2.8

Uzbekistan

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Uzbekistan 90% / 85% 80% / 75% 75% / 65%

Venezuela

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Venezuela - 16/20 or 7.0/9 14/20 or 6.5/9

Vietnam

First-class honours (70%) Upper second-class honours (60%) Lower second-class honours (50%)
Vietnam 8.0 7.0 6.0

English language requirements

Applicants must meet the minimum English language requirements. Further details are available on our international website.

Fees and funding

UK / EU fee

Full-time degree per annum
£13,400

International fee

Full-time degree per annum
£21,900

Tuition fees cover the cost of your teaching, assessment and operating University facilities such as the library, IT equipment and other support services. University fees and charges can be paid in advance and there are several methods of payment, including online payments and payment by instalment. Special arrangements are made for payments by part-time students.

Student loans Scholarships Career Development Loans External charities and loans Alumni bursary